The Ford’s Colony Country Club may have a new owner soon, though the interested party’s identity is still under wraps until the deal is complete. The club filed for Chapter 11 bankruptcy protection in 2010. Last spring, the case was wrapped upand the property was put up for sale. The 54-hole championship courses and country club were listed for sale at $8.5 million, and Affinity Golf was selected to manage the club.
The Country Club Membership Association (CCMA), a group of dues-paying members, has reported for several months that club owner Prudential has been negotiating with a lead bidder regarding the sale of the property. The CCCMA reported last week that it looks like the deal is a go.
“We have been advised by Mr. Richard Curlin at Prudential that a Purchase and Sale agreement has been signed with an un-named party,” CCMA President Craig Stambaugh wrote to members on August 16. “This agreement allows for a due diligence time period of 45 days followed by a closing time period of 30 days.
“So, if all would proceed according to plan, FCCC could be under new ownership by the end of October.”
He said the identity of the new owner has not yet been revealed. “The CCMA board is aware of all the rumors flying around the club on whom this buyer may be, but until we have official word from one or both parties, they remain just rumors.
“We hope to have, and will pursue, the opportunity to meet with the potential new owner, once they are identified.”
Currently, surveyors are re-affirming boundary lines of the property in preparation for the sale, according to Stambaugh. The Marsh Hawk bunker renovation project has been put on hold until the sale negotiations are completed.
